easyJet profits up

UK low-cost carrier, easyJet, has reported a 21.5% hike in profits to £581 million for the 12 months to September 30, 2014. Earnings per share rose by 13% to 114.5pence. Total revenue rose by 6.3% to £4.527bn during the period, with a total revenue per seat up by 1.2% on a reported basis, and by 1.9% on a constant currency basis to £63.31 in a higher capacity environment. easyJet’s pre-tax margin rose by 1.6 percentage points to 12.8%. The low cost airline attributed the growth in revenue per seat to a number of digital and revenue management initiatives and a